China stimulus plan boosts energy firms as FTSE nears peak – London Report May 21, 2015 PLANS out of Beijing to boost further stimulus to boost its economy also propelled the FTSE higher, to just below last month’s record highs yesterday, with expectations China will launch further stimulus, helping miners and energy stocks tracking gains in oil prices. The UK Oil and Gas index rose 0.9 per cent as crude rose [...]
China’s central bank cuts interest rates to 5.1 per cent amid slowing economy May 10, 2015 China's central bank has cut interest rates to 5.1 per cent, as the country's economy continues to slow down. It's the third cut in six months, and the hope is that is will boost development in the country. The change will come into effect on Monday. In 2014, growth rate was 7.4 per [...]
Apple sales soar on back of China growth: Profits rise despite decline in iPad sales April 27, 2015 Apple has reported a 27 per cent increase in revenue to $58bn (£38bn) for the second quarter, boosted by strong demand in China. Sales in China alone rose 71 per cent to $16.8bn, helping the smartphone giant rake in profits of $13.6bn, up from $10.2bn last year. The firm sold 61.2m iPhones during the period, [...]
Mining shares boosted by new China support – London Report April 20, 2015 MINING stocks helped Britain’s top share index rebound yesterday after China moved to support stuttering growth in the world’s biggest consumer of metals. The FTSE 350 mining index rose two per cent, the top sectoral gainer, after China cut the amount of cash that banks must hold as reserves. The blue-chip FTSE 100 index closed [...]
China payments prove confusing for companies April 19, 2015 MOST multinational companies are ill-equipped to handle the rapid rise in renminbi transactions, according to new research published today. Ninety per cent of senior executives surveyed by international legal practice Allen & Overy said their company’s exposure to Chinese currency is either “important” or “very important”. However, more than three-quarters of those polled also said [...]
China is not in trouble: Its economic potential is only just being realised April 16, 2015 The question of whether China will experience a hard or soft slowdown from the towering growth figures it has become accustomed to crashed back into the news this week. The latest official figures showed that GDP grew at its slowest pace for six years in the first quarter of 2015, at an annualised rate of [...]
China GDP first quarter 2015: Economic growth falls to slowest pace since 2009 April 15, 2015 China's economy grew at its slowest pace in six years, latest official figures have revealed. The country's GDP grew seven per cent in the first quarter compared to the same period a year ago, its slowest rate of growth since the middle of the financial crisis in 2009. That compares to economic growth of 7.3 [...]
China trade collapse gives officials headache April 13, 2015 CHINA saw exports plummet in March, exacerbating the country’s growth dilemma. Exports dropped by 15 per cent last month compared with the same month a year earlier, according to official figures released yesterday. Imports fell by 12 per cent on the year, reflecting a weaker domestic economy. The country is currently in transition from investment-led [...]
Hamilton and Rosberg resurrect feud as Briton triumphs in China April 12, 2015 SIMMERING tension between Formula One world champion Lewis Hamilton and his Mercedes team-mate Nico Rosberg erupted again after the British driver cruised to victory in the Chinese Grand Prix yesterday. Rosberg accused Hamilton of pitching him into a tussle for second place with Ferrari’s Sebastian Vettel by deliberately and unnecessarily slowing down when leading in [...]
Is China planning to build a railway under Mount Everest? April 9, 2015 Its summit is the highest place on earth at 8,848m above sea level and scaling its peak is deadly: Mount Everest claims the lives of just over two per cent of those attempting to scale it. Now the Chinese government is considering building a railway underneath the giant peak, linking China with Nepal, a country [...]